December 2014 - Industrial Valve Insights 41

East Asian purchases of valves for nuclear power plants will boost the market for valves in the nuclear industry to over $2.4 billion by 2017. This is the conclusion in Nuclear Power Plant Valve Forecast and Analysis published by the McIlvaine Company. In 2017 China and other East Asian nuclear valve purchasers will spend $755 million. This represents over 30 percent of the anticipated total purchases in 2017. Western Europe expenditures will exceed 20 percent of the 2017 total whereas NAFTA expenditures will be less than 15 percent.

The average nuclear power plant utilizes more than 5,000 valves. Many different valve types are required. Sizes range from those handling a few liters per minute to those which control more than 100,000 gpm.

The majority of the purchases will be for existing power plants. Many nuclear power plants are advanced in age. There is the need to replace valves which have reached the end of their economic life. There is also the need to replace valves due to tighter safety requirements and new operating regimes. The stringency of regulations is higher for valves within the nuclear island as opposed to those used for inlet water and service outside the critical areas.

Most reactors currently planned are in the Asian region, with fast-growing economies and rapidly-rising electricity demand.

Some countries with existing nuclear power programs (Argentina, Armenia, Brazil, Bulgaria, Canada, China, Czech Republic, France, India, Pakistan, Romania, Russia, Slovakia, South Korea, South Africa, Ukraine, UK, and USA) have plans to build new power reactors (beyond those now under construction).

Approximately 150 power reactors with a total net capacity of some 16,000 MWe are planned and over 300 more are proposed. Energy security concerns and greenhouse constraints on coal and the high cost of wind and solar have made nuclear power more attractive.

There are negative as well as positive factors in the growth potential. There is heightened concern over safety due to the Fukushima accident and the inability of the operator to quickly solve the problem. Some of the plants now under construction are experiencing cost over runs.

The low gas prices in the U.S. are also having a negative effect. The global warming initiative is showing signs of weakening as Australia has eliminated its carbon tax and the U.S. congress is now controlled by those who place a low priority on climate change.

Mexico’s economy expanded less than analysts estimated for the eighth time in 10 quarters as a rebound in growth stalled in September on weak domestic demand.

Gross domestic product rose 2.2% from a year earlier, compared with a 1.6% expansion in the second quarter, the national statistics institute said. The median estimate of 24 economists surveyed by Bloomberg was for growth of 2.3%. The IGAE indicator, a proxy for GDP that was also reported today, fell 0.1% from a month earlier in September, the second straight decline.

Banco de Mexico, led by Governor Agustin Carstens, cut its growth forecast range this week, saying indicators of domestic demand such as consumer confidence remain weak even as exports have picked up. Latin America’s second-largest economy is struggling to rebound from 1.4% growth last year, the slowest expansion since the 2009 recession.

“The economy has no momentum going into the fourth quarter,” Carlos Capistran, the chief Mexico economist for Bank of America Corp. in Mexico City, said in an e-mailed response to questions. “Services and industry remain weak.”…The remaining text is not included in this sample.

Thailand cut its outlook for the fourth time this year after its economy grew much less than expected in the July-September quarter, hit by a contraction in exports and tourism.

The surprisingly weak outlook has raised doubts the junta can quickly turn the economy around even after pledging to roll out infrastructure projects and other steps to boost spending.

Southeast Asia's second-largest economy grew 1.1% in the third quarter from the prior three months, and 0.6% from a year earlier, the National Economic and Social Development Board (NESDB) said. The remaining text is not included in this sample.

The 18-country Eurozone eked out only weak growth in the third quarter, underlining how Europe is still struggling to escape its six-year slump.

Expectations have become so bleak lately that analysts welcomed the Eurozone’s annualized growth rate of 0.6% in the last quarter as a positive surprise. Germany barely grew, France grew but largely because companies built up inventories, and Italy fell back into recession.

The bloc’s gross domestic product remains more than 2% below its level before the 2008 global financial crisis—at a time when growth in other advanced economies such as the U.S. and UK is finally strengthening.

The Eurozone economy expanded last quarter at a sluggish rate, underscoring concerns that the region is stuck in a rut of declining investment and high unemployment. The remaining text is not included in this sample.

A complete analysis of GDP and monthly updates for individual countries are included as part of Industrial Valves: World Market.

Oil and Gas Project Tracking is available at a discount to Industrial Valves: World Market subscribers.

Treatment chemicals are an important addition to most oil and gas processes. Access to details on worldwide oil and gas projects is provided at a substantial discount to Industrial Valves: World Market subscribers.

Mexican Cartels Steal Billions from Oil Industry Pipelines (Agreement Dated: 11/26/2014)

Seattle Leaders Call for Safeguards amid Boom in Oil Train Shipments (Article Dated: 11/26/2014)

Oil, Rail Industries Want Seven Years to Fix Tank Cars (Article Dated: 11/26/2014)

Canada Launches World's Largest Commercial Carbon-capture Project (Article Dated: 11/26/2014)

Gumusut-Kakap Floating Production Facility in Malaysia Begins Production (Article Dated: 11/26/2014)

Mexico's Pemex Signs Cooperation Agreement with ExxonMobil (Article Dated: 11/25/2014)

North America Frac Sand Demand Expected to Increase by 24 Percent per Annum (Article Dated: 11/25/2014)

NGL Energy Announces Plans to Develop a New Mexico Crude Oil Transloading Facility (Article Dated: 11/25/2014)

McDermott Engineers Create World’s Largest Specialty Valves for Ichthys LNG Project (Article Dated: 11/25/2014)

Intertek Expands North Dakota Bakken Shale Oil Laboratory Operations (Article Dated: 11/25/2014)

Breitling Energy Corporation Announces Drilling and Production Update (Article Dated: 11/25/2014)

Part 2, EnLink Midstream Completes Construction Projects in South Louisiana and West Texas (Article Dated: 11/25/2014)

EnLink Midstream Completes Construction Projects in South Louisiana and West Texas (Article Dated: 11/24/2014)

Macoma Capital Makes Strategic Investment in Oil-Rich Bakken Formation (Article Dated: 11/24/2014)

Atlas Resource to Acquire Eagle Ford Oil Assets for $225 Mln (Article Dated: 11/24/2014)

EnLink Midstream Signs Definitive Agreement to Acquire Gulf Coast Natural Gas Pipeline Assets (Article Dated: 11/20/2014)

Alfa Laval Wins SEK 120 Mln Offshore Pumping Systems Order in Canada (Article Dated: 11/20/2014)

Grasslands Environmental Facility Opens Near Bill, WY (Article Dated: 11/20/2014)

GE Oil & Gas to Invest $50 Mln in Advanced Manufacturing Facility in Jacksonville, FL (Article Dated: 11/20/2014)

Tallgrass Pony Express Pipeline Announces Potential Expansion of Crude Oil Pipeline System (Article Dated: 11/20/2014)

CB&I Awarded FEED Contract for Gas Field Development in Algeria (Article Dated: 11/20/2014)

Enterprise to Build Natural Gas Processing Facility and Pipelines to Serve Delaware Basin (Article Dated: 11/20/2014)

Rimrock Midstream Announces Platte River Gathering System (Article Dated: 11/20/2014)

Alfa Laval Wins SEK 70 Mln Heat Exchanger Order in India (Article Dated: 11/20/2014)

Douglas-Westwood Reports Outlook for UK and Norwegian North Sea Production (Article Dated: 11/19/2014)

Wood Mackenzie Forecasts $15 Bln on Bakken Drilling and Completions in 2014 (Article Dated: 11/19/2014)

Kitsault Energy Plans $10-30 Bln Energy Corridor/Export Terminal (Article Dated: 11/19/2014)

Fengzhen Wanjie Gas Co Awards Technip with LNG Plant Contract in China (Article Dated: 11/19/2014)

Alaska Gas Project Could Cost $50 Bln to Ensure Energy/Economic Future (Article Dated: 11/19/2014)

Effect of Shale Plays on U.S. Natural Gas Composition (Article Dated: 11/19/2014

WorleyParsons Wins EPCM Contract for Trans Anatolian Gas Pipeline (Article Dated: 11/19/2014)

Pembina Pipeline Corporation Announces $460 Million of New Capital Projects (Article Dated: 11/18/2014)

Aguirre Offshore GasPort Project Reaches Significant Project Milestones (Article Dated: 11/14/2014)

These sales leads are part of Oil, Gas, Shale and Refining Markets and Projects, and are issued bi-weekly. As a subscriber to Industrial Valves World Markets you receive a 30 percent discount for this service.

This includes only projects where there was an update during the month. There are thousands of projects in the database.

New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.

Revision Date:
Project Title	First Entry Date	Location	Startup date
Vempadu power plant-M/s Yeswanth Industrial Infrastructure Projects	11/1/2014	India	Unknown
Tevshiin Gobi power plant-Mogul Power	11/1/2014	Mongolia	Unknown
Mariveles power plant-Sithe/Ayala Corp.	11/1/2014	Philippines	2019
Vinh Tan 4 power project-Vietnam Energy	12/1/2013	Vietnam	2018
Vung Ang 3-PetroVietnam	8/1/2013	Vietnam	2022
Kauswagan power plant-Ayala Corp	7/1/2013	Philippines	2018
Cilacap ultra supercritical expansion	4/1/2013	Indonesia	2018
Safaga power plant on Red Sea	1/1/2013	Egypt	Unknown
Bhadreshwar power plant-OPG Ltd.	9/1/2010	India	2015
Kamakhyanagar power plant-OdishaThermal Power Corp.	9/1/2010	India	Unknown
Muzaffarpur Stage II-NTPC and BSEB	5/1/2010	Pakistan	2014
Cuddalore - Powergen Corp. power project	4/1/2010	India	Cancelled?
Sostanj 6 supercritical power plant-Termoelektrarna Sostanj	12/1/2009	Slovenia	2014
Hui'an/Fuqing 2 Units 3-6-CNNC	9/1/2009	China	Unknown
Fuqing 1,2 nuclear power plant-China National Nuclear Corp.	6/1/2008	China	2015
Barh II (4,5)-National Thermal Power Corp. (NTPC)	4/1/2008	India	2014
Flamanville 3 nuclear power plant-EDF	6/1/2007	France	2017